The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-26
MR.. JAI GOULD.
lie No Longer Speculates. but Has . Lltfls
Money with Which to Buy Cheap Things.


New York. June 25.-The World prints =
long interview with Mr.. Jay Goulas from "alcn
the following is taken;
"Mr. Gould. to what do you attribute ths
great disturbance in Wall street to-dayfy y
II do not know that can tell the exact cause
have been so little in the street & snat nass
was raided, for one thing. and q scare was cre~
ated They bad Mr. Field broke and me dead.
But they found out that Mr.. Field was nor
broke, and that I was not dead
do you think the bottom has been toucned ~
valuesf'
believe that stocks are cheap. bought some:
I bought Missouri Pacific, Western Union and
Manhattan"
..Do you regard the danger as overgp
sYes The worst has unquestionably passed =
"How do you think the street stood the shockF
Admirably, should say. There WAS not q
strength of the bears There was more Of q
capacity for taking stocks than was looked forp
do you consider it q good time to buy stocks
now7n
THAT is according to the way person looks
at it. NY remark that regarded stocks ss cheap
is about as applicable reply as can give
"Do you care to state the extent OF your pur-
chasss to-dayr
"Well. am not in the market as a speculator
and am lot an extensive buyer OF ANYTHING. :
buy good things occasionally when see them
s'What 10 the condition of the country from =
Good / know that 1t is particularly true of
the West The earnings of our roads out thert
are big
good trial What is the effect OF it on the rail-
road system of the countrys'
II think it is beneficial. My instructions were
to carry out the law on our roads. and we think
we have profted by it"
.What defects are there in it that could he
remedied2'
81 don't know as there are any. The commits
sioners are intelligent men. and they are inter
pretine the law so as to make it produce tho besf
HAS the political situation any bearing on
the railroad and business interests of the conn-
tryi Would a change back to Republican adj
ministration be hurtfulF'
AZ don't think the change would have any eff
| fecs.n replied Mr.. Gould, after moments re-
Election. .'The present administration is q dis
Greet one. and don't believe any administrations
would interfere with the prosperity of the coun<
try.
| for tho country at Target"
sTo let it alone" was Mr.. Goul.s quick reury;
''the country is able to work out its own pos
| perity. The Americans are great, noble and
| brave people, and all they want is to be let
alone. They don't want interference from the
President or Congress. the State legislatures or
Governors. It would be better if the Legislatures
met only once in five years. The people are able
| to take of themselves and run their own
| affairs. The flower of other lands have TO serve
| from one to seven years in the army We have
no great standing armies, and our best men car,s
prosecute industries that make the country rich
| and the people contented Our people will all
| their own affairs"
.Alr. Gould, have you ceased speculation in
| Wall street wholly and for goodr
Il may buy stock as did to-day. when think
| I am acquiring property cheap. bat have absos
| lutely stopped speculation. withdrew frcm
| Wall street. to remain ont. year ago last Janu-
ary. shall never, under any circumstances be
| speculator again."
.'Do you also contemplate retirement from
| the active management of your business inter-
ests9"
Eyes. completely possible My son haa
| familiarized himself with the man8gement Of
! the different properties with which / con-
nected, and he can now attend to them as well as
| / can. 1t is relief which / am grateful for.
| and shall never return to any Of tbs bard
work"
Now, Mr. Gould, what is the state Of your.
| heaIth2"
II did not get my customary run-off last win
ter, and am taking things easily as possi5ls
this summer. have had an attack Of neuralgia.
which / have now recovered from. That WIS
caused rs much anything by ovcrwork [
| had q slight stomach trouble, little indiEes--
tioE with the rest which also brought
| on by overwork. am feeling very we'll now,
| and expect to pass q very pleasant summer"